02-02-2018, 07:57 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,908
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Quote:
Originally Posted by finnbow
Because deficit spending is exactly the right thing to do to jump start an economy in a death spiral. It is, however, contraindicated for an economy at full employment due to inflationary concerns.
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Nailed it.
The Dow Jones industrial average plunged 2.5 percent Friday — closing down 666 points — and suffered its worst week in two years as concerns over rising interest rates and inflation from an overheated economy triggered a long-feared sell-off.
https://www.washingtonpost.com/busin...e23_story.html
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